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we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame street" on pay for profit television. my feeling is, if people like warren buffett and people like ted turner feel this is such an important programming, why shouldn't they pay for it? >>neil: the issue here, you know, is what we spending and where we cut back on spending. the argument the liberals give you, maybe we just charge more for what we are spending money on. that gets back to more government, less government, pay month for that government, pay less for that government, and that is the debate. >>guest: pbs is a good example. if it is as valuable as people say, the world woul
we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame...
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Oct 9, 2012
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it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ame
it's okay to reduce the deficit, just not in my backyard. >> right, right. same issue with oil. >> we'll take a break. we are coming back with the closing countdown and a recap of the date in a moment. >> and just moments away from the kickoff of earnings season. this is what we've been waiting for. alcoa chairman and ceo klaus kleinfeld will join us. you're watching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk....
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Oct 11, 2012
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this president prom -- demagogues against a $400 billion deficit now we have over a trillion. he was very negative on the debt put on over the previous 8 years, now we put on 6 trillion. i mean, you know we have not seen the policies that were promised. i think that issue is we want to make sure as a business community whoever is in the white house, that the promises are met, and we have an environment that is once against friendly to american job creation. neil: steve thank you very much. this is up the ante for tomorrow night, fox business will continue to cover the crucial debates, tomorrow. vice president one in milwaukee. joining us tomorrow is sarah palin, many, many more. and that fiscal cliff, more like a bunny slope. "new york times" and saying, ronald reagan a former budget chief said, that is wrong. you should be worried if the times says that is right, david stockton here, and only here. but first the irish calling for another round, not of beer, of oil, more drilling, how ireland is drilling us under the table. if you think we're close to following, you better dri
this president prom -- demagogues against a $400 billion deficit now we have over a trillion. he was very negative on the debt put on over the previous 8 years, now we put on 6 trillion. i mean, you know we have not seen the policies that were promised. i think that issue is we want to make sure as a business community whoever is in the white house, that the promises are met, and we have an environment that is once against friendly to american job creation. neil: steve thank you very much. this...
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Oct 11, 2012
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and we' telling washington, you are running a trillion deficit for a fourth year in a row. you can borrow money almost for nothing, why not wait another year or two, who wants to take the fall? who wants to take the politic heat if you can borrow money from 70 basis pois for 5 years, that is what they are doing now. neil: building another bubble? >> a debt bubble. neil: bursthen a depression. >> i don't know, we've never been there before, we never had a tral bank tha -- central bankt printed this much money. neil: you don't think it can walk back the graveya much longer. >> i don't tnk so. neil: okay, if you have a lead suit, you buy it. david stock man, ronald reagan budget director. makes you think, you know we don't off don't this, we don't go long with a lot of guests, some we make an extension for, mr. stock man is among them, either agree or disagree, he makes you think. >> thank you. neil: we have a lot more after this, including with the spark miles card from capital one, thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] th
and we' telling washington, you are running a trillion deficit for a fourth year in a row. you can borrow money almost for nothing, why not wait another year or two, who wants to take the fall? who wants to take the politic heat if you can borrow money from 70 basis pois for 5 years, that is what they are doing now. neil: building another bubble? >> a debt bubble. neil: bursthen a depression. >> i don't know, we've never been there before, we never had a tral bank tha -- central...
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Oct 14, 2012
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washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is john browne he believes they do not deserve the award. we also have the opposing view. richard, i will read the review of the european union for over six decades continue to the event apiece and reconciliation and human-rights in europe. why do you think they chose the e.u.? >> first, you and i are young but if you look back 70 years they only had the balkans war. europe has been saved and pay it -- peaceful. is a little aspiration all. that the european union do more. >> should you have the economies that were also? >> piece was insured by nato and the deterrent combined with the united kingdom i
washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is...
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Oct 9, 2012
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and remember in 2009, we had a 16% deficit, a debt of 10% of gdp. that was not a sustainable situation and climbing down from that was going to be painful, whatever way we chose to do it. >> great to see you. thanks so much indeed for joining us and explaining to us the situation. really good to talk to you. >> and stick around, because still to come, strike up the band. it's the parade of u.s. earnings reports. they start with alcoa's results. will investors be singing a happy tune? we'll preview what to expect. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, happy tune? by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> investors are bracing for
and remember in 2009, we had a 16% deficit, a debt of 10% of gdp. that was not a sustainable situation and climbing down from that was going to be painful, whatever way we chose to do it. >> great to see you. thanks so much indeed for joining us and explaining to us the situation. really good to talk to you. >> and stick around, because still to come, strike up the band. it's the parade of u.s. earnings reports. they start with alcoa's results. will investors be singing a happy...
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if you look at that looming debt and deficit, as far as the eye can see, i think we all realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues are going to need to us match the -- to come up a bid to match -- neil: some revenues and taxes in that equation. >> of eliminating some of the loopholes and special interests were government is forging the behavior and punishing bad behavior, is that we want to do? no. i think we can simplify and make it fair. by that we would give greater revenues. >> it sounds like it does commission point of view. enough of us know we have to pony up and get over ourselves and so the big problems. neil: whenever you do or a lame-duck session does, we won't be here december 301st. >> is heavily hope not. i think that leads -- we already have uncertainty. this brings more. lack of faith. possible downgrade. i don't think we consummate that and i don't think we should. we at least but to next yea
if you look at that looming debt and deficit, as far as the eye can see, i think we all realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues are going to need to us match the -- to come up a bid to match -- neil: some revenues and taxes in that equation. >> of eliminating some of the loopholes and special interests were...
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. >> coming up, will our children hate us because of our debt and deficit? the architect of greece's debt deal is here with a warning letter later on the "closing bell." >>> also coming up, nightmare in california. why the golden state is the only one in the country to see higher pump prices over the past couple of weeks and what that could mean for the rest of us. >>> up next, mixed signals. major averages may be near multihighs but we'll make sense out of the good and ugly. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-
. >> coming up, will our children hate us because of our debt and deficit? the architect of greece's debt deal is here with a warning letter later on the "closing bell." >>> also coming up, nightmare in california. why the golden state is the only one in the country to see higher pump prices over the past couple of weeks and what that could mean for the rest of us. >>> up next, mixed signals. major averages may be near multihighs but we'll make sense out of the...
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Oct 12, 2012
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turning to the deficit the numbers are in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public notice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize it? >> i think it is pretty bad. 42 out of the 4 months the president has been in office he has run a deficit. i think when we're $16 trillion in debt it has an effect on the economy. even most economists say when the debt is greater than 90% of the gdp you start to see a slowing. right now our debt is over 100% of our gdp. melissa: break down why you see the slowing. i think when we talk about these numbers to the average person it sounds like monopoly money. it is such a huge number you could never break it back. if you break it down, 3500 per person. 3468 to be exact. during the time president oba
turning to the deficit the numbers are in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public notice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize...
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september poll and they had democrats coming out, plus 7, and now, they have, they have erased that deficit. so top line, that's one of the things you're seeing. what's really important though, when you look down and what pollster-- >> when you you mean 7 points, registered democrats and now registered republicans? >> in their poll sample they had 7% more democrats showing up at the polls. >> they say to the person on the other end of the phone, what party are you aligned with? >> yes. charles: okay. >> and they have 7% more democrats showing up at the polls than republicans for this election. charles: likely voters. >> likely voters, right. charles: that's a distinct. >> this time around there's no plus 7. it's basically tied. charles: john, before i let you go. it looks like a player on wall street changed their tune with president obama. they gave more than a million dollars to president obama in 2008. onlied 136,000 this time around and in the meantime the same employees have given romney 900,000 and another 900,000 to the super pac that's supporting him. so, these are numbers that come
september poll and they had democrats coming out, plus 7, and now, they have, they have erased that deficit. so top line, that's one of the things you're seeing. what's really important though, when you look down and what pollster-- >> when you you mean 7 points, registered democrats and now registered republicans? >> in their poll sample they had 7% more democrats showing up at the polls. >> they say to the person on the other end of the phone, what party are you aligned...
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we have a $1 trillion deficit as far as the eye can see. hopefully democrats will be willing to give something on entitlement reform and republicans will be able to compromise on some of their issues as well. but this is not easy. this is not easy at all. that's why i think we all ought to give the gang of eight the widest possible latitude to come up with some type of a bipartisan compromise, but it won't be easy. >> handicap it, both of you. are we going to solve the fiscal cliff before we get to january 1? >> i think president obama holds all the cards here because basically if congress does nothing, the bush tax cuts are going to expire completely. and by the way, that would solve many of our fiscal problems over the next decade. let's remember, those bush tax cuts were meant to be temporary. temporary. >> you'd have to get rid of them for every single income level. >> i was just looking at percentage. >> we cannot afford them now. >> so you would raise taxes on the middle class as well? >> realistically, i think those bush tax cuts hav
we have a $1 trillion deficit as far as the eye can see. hopefully democrats will be willing to give something on entitlement reform and republicans will be able to compromise on some of their issues as well. but this is not easy. this is not easy at all. that's why i think we all ought to give the gang of eight the widest possible latitude to come up with some type of a bipartisan compromise, but it won't be easy. >> handicap it, both of you. are we going to solve the fiscal cliff before...
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is actually the deficit even going up so they're not doing what they estimated they wanted the budget to be so. and we also have the fed cheerleading that just you know think about that for a second with the fed really be pressing congress this way if the economy was was a lot stronger so no there's economic weakness everywhere it shows up in the participation rate it shows up in the fed sure lading as easily joseph in bed panic which i think we talked about any i.m.f. is way off the mark here they're going to be lowering these gas prices i love that the headline is that the i.m.f. downgrades forgot to say these are still far too rosy we just have a minute but no one nation that the i.m.f. upgraded with the u.s. and as you said you think the u.s. is in recession we talked about that before others i talk to you think a u.s. recession is baking a cake so what gives with i.m.f. . but related to roberta you ordered a little bit of rebirth so there you go late to every party but you are very much here for the party i really appreciate you being on the show and expounding upon all of this f
is actually the deficit even going up so they're not doing what they estimated they wanted the budget to be so. and we also have the fed cheerleading that just you know think about that for a second with the fed really be pressing congress this way if the economy was was a lot stronger so no there's economic weakness everywhere it shows up in the participation rate it shows up in the fed sure lading as easily joseph in bed panic which i think we talked about any i.m.f. is way off the mark here...
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christine legarde, head of the imf says euro zone countries should have more time to cut budget deficits. greece and spain to have more time because it would do more harm than good. france and italy and spain have been giving the same message. germany responding by saying backtracking in debt reduction goals. it would hurt confidence and so it goes. connell: never a shortage items. [talking over each other] ashley: a very conservative view. vice president joe biden taking on paul ryan in the vice-presidential debate this evening and joe biden will have work cut out for him. a new fox news poll shows 40% of americans have a favorable opinion of paul ryan compared to 44% for the vice president. with reaction to that let's bring in judith miller, fox news contributor and fellow at the man and an institute and former press secretary for vice president al gore. who has the most to lose tonight? >> joe biden has the most to lose because if he doesn'' improve on the president's performance, this ticket is in big trouble. dagen: is it avoiding gaffes this evening? i would rather see him a little
christine legarde, head of the imf says euro zone countries should have more time to cut budget deficits. greece and spain to have more time because it would do more harm than good. france and italy and spain have been giving the same message. germany responding by saying backtracking in debt reduction goals. it would hurt confidence and so it goes. connell: never a shortage items. [talking over each other] ashley: a very conservative view. vice president joe biden taking on paul ryan in the...
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the ad is mocking romney on the deficit on wall street. watch this. >> bernie madoff, criminals, and the evil genius who towered over them. one man has the guts to speak his name. >> redbird. >> big yellow a menace to our economy. romney knows it is not wall street you have to worry about, it is big bird. mitt romney, taking on our enemies no matter where they nest. lori: is this what the presidential debate should really be focused on? lou dobbs is here. lou: where should we start. melissa: i will sit back. go ahead. lou: the sesame workshop has decided they have had a belly full of being in this presidential campaign. they have asked that the campaigns cease and assist. they are a nonpartisan outfit. it really became onerous when not only the president was using big bird, but then romney to point out there have been eight mentions of big bird by president obama and five mentions of elmo and count along the mentions of libya. zero. the plant to fix the economy, zero. big bird overtaking. talk about a big bird and a small issue. it is as y
the ad is mocking romney on the deficit on wall street. watch this. >> bernie madoff, criminals, and the evil genius who towered over them. one man has the guts to speak his name. >> redbird. >> big yellow a menace to our economy. romney knows it is not wall street you have to worry about, it is big bird. mitt romney, taking on our enemies no matter where they nest. lori: is this what the presidential debate should really be focused on? lou dobbs is here. lou: where should we...
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i think that the issue of deficit spending in the enormous debt in the us is for sure an issue i think that it's something that needs to be addressed i think so many of these issues with dad and the debt overhang and what that creates in the economy kind of creates these situations that then we do see people protesting in the streets along with kleptocracy and the kind of programs that bail out banks mind you so there is that issue but i do think that there's this kind of political rhetoric that i hear where you hear politicians like newt gingrich or pundits saying the u.s. is greece and i do think that's a kind of a disingenuous talking point because the u.s. isn't greece the u.s. is not stuck in a currency zone where it has zero control of its monetary policy i mean love it or hate it the u.s. does have a fed printing money and setting interest rates also the u.s. dollars. the global reserve currency and the u.s. is benefiting from kind of a weird global situation where the u.s. dollar and u.s. debt is kind of a safe haven even though many would argue that ultimately it isn't but the
i think that the issue of deficit spending in the enormous debt in the us is for sure an issue i think that it's something that needs to be addressed i think so many of these issues with dad and the debt overhang and what that creates in the economy kind of creates these situations that then we do see people protesting in the streets along with kleptocracy and the kind of programs that bail out banks mind you so there is that issue but i do think that there's this kind of political rhetoric...
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to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic failure unless things turn around that i think the conservative party is in for a really terrible result in twenty fifteen of the next general election september's attack on the u.s. consulate in been gaza libya which killed ambassador was an organized terror act not part of a mass protest that was the bottom line of wednesday's congress hearing an incident of says responsible for the safety of u.s. grounds in libya testified security security and severely decayed had severe hatchets a decade since the ousting of nomic retired cia officer ray mcgovern says the congressmen are trying to score points and set of getting to the root of the problem. this is a political carnival this is represented trying to make political points now they're trying to get hillary clinton for a lack of understanding what security is needed that's not where they should try to get what. they should get it will be
to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy i don't think the thing is a dramatic failure unless things turn around that i think the conservative party is in for a really terrible result in twenty fifteen of the next general election september's attack on the u.s. consulate in been gaza libya which killed ambassador was an organized terror act not part of a mass protest...
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there is a constant deficit of what is known as the democratic deficit which is not the deficit we have we have economic deficits but we have these democratic deficit we felt that we can't behave as a union and we found to be caving messy union we can't solve the problems we have for example these debt problem these very large problem could be solved i wouldn't say easily but at least. one thing we could do could be for example to divide the countries that are cutting their budgets and countries that should increase their consumption for example germany well they don't want to do that because they feeling pleasure they're not even a part of a union they are behaving as a single separate country this is the problem we have got to and of course looking to the future generation new data from greece now shows that more than fifty four percent of young people are out of a job spain is not far behind are these countries losing a lost generation or you know what they just pick up sticks and go elsewhere. well of course and in fact many people eager spain are learning german it's become the saf
there is a constant deficit of what is known as the democratic deficit which is not the deficit we have we have economic deficits but we have these democratic deficit we felt that we can't behave as a union and we found to be caving messy union we can't solve the problems we have for example these debt problem these very large problem could be solved i wouldn't say easily but at least. one thing we could do could be for example to divide the countries that are cutting their budgets and...
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the word austerity anymore they use these euphemisms they say tough decisions they say reducing the deficit they say reducing the government share of spending it's not fashionable to say the word austerity very uncomfortable with it so it's strategy not hugely coherent which is very important if cameron wants to gain this reputation is had in the past for huge compton's something he didn't mention which i have to say i wasn't really expecting was scotland of course we had recently that the stalemate between london and on as a holding a referendum on its participation in the u.k. david cameron will meet with premier alex salmond on monday to hash out the details but what we're hearing is that there will be a referendum held in. two thousand and fourteen i simple yes no question as to whether scotland will remain part of the u.k. and of course the major thing that david cameron does not want is to be the man who is in charge over the break up of the k. . of the let's get more the pros and cons of scott was possible independence and talk to gerry purvis he's leader of devo plus which campaigns
the word austerity anymore they use these euphemisms they say tough decisions they say reducing the deficit they say reducing the government share of spending it's not fashionable to say the word austerity very uncomfortable with it so it's strategy not hugely coherent which is very important if cameron wants to gain this reputation is had in the past for huge compton's something he didn't mention which i have to say i wasn't really expecting was scotland of course we had recently that the...
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ryan had voted to put the iraq and afghanistan wars on the credit card helping to cause the deficit is actually right he was right about that he didn't bother say the democrats will report he tried to pose as a political conservative by same i want to leave afghanistan do it he'll save american taxpayers eight hundred billion dollars. if they had real cuts we could save on more than that is the simpson bowles commission had suggested right and of course treated as a political football by saying you know we want to make the american navy smaller than it was before world war one to witness is not what the way to peace only strength is the way to peace yet paul ryan channel seemed to be out front of military for rays hinting at so prolonged stay in afghanistan action against iran even see what do you make of that why yes. he's one of the ones who says that the only way to pieces by total world domination by total military power. and. at the same time is claiming that he's a fiscal conservative and is going to save the country from budget deficits it's a total lie. we are wasting vast amou
ryan had voted to put the iraq and afghanistan wars on the credit card helping to cause the deficit is actually right he was right about that he didn't bother say the democrats will report he tried to pose as a political conservative by same i want to leave afghanistan do it he'll save american taxpayers eight hundred billion dollars. if they had real cuts we could save on more than that is the simpson bowles commission had suggested right and of course treated as a political football by saying...
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biggest debt and deficits as a share of gdp facing the country since world war ii. this election will have particularly rofund consequences on text market next year. >> you're looking for a profound pull back in the s&p. we're talking 100 points. 1360 is where your target is. what's that predicated on? >> a lot is the election and earnings environment. if we take the election and set it aside for now the earnings environment is deteriorating more than investors are willing to cop to at this point. first, fourth quarter of this year, we're supposed to see a remarkable recovery in earnings which i think is highly unlikely considering the macro economic climate. then an earnings kbroet in 2014. so with this fiscal uncertainty, investors have gotten a little bit ahead of themselves in terms of optimism. >> your overstating the election's impact on what the stock market will do? we had jack vogel on at the top of the show that said the market will get it wrong. >> that's possible the market gets it wrong depending on the outcome of the election. clearly this is a very ti
biggest debt and deficits as a share of gdp facing the country since world war ii. this election will have particularly rofund consequences on text market next year. >> you're looking for a profound pull back in the s&p. we're talking 100 points. 1360 is where your target is. what's that predicated on? >> a lot is the election and earnings environment. if we take the election and set it aside for now the earnings environment is deteriorating more than investors are willing to...
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we have a credible plan to reduce our budget deficit. that's delivering very low interest rates for us in the markets at the moment. so that is the proof that there's international confidence in our plan. >> bae and eads merger, bigger shareholder says it opposes the deal saying the defense giant would be better left as a stand alone company. and angela merkel faces a difficult reception in ath thens this week, her fist advirst vis greece since the eurozone cry city started. >>> very good morning to you state side especially as we start the new trading week here. columbus day holiday. government closed in the states. the dow trading some 39 points below fair value. not a bad week, up 1.25%. a little more for the dow last week. nasdaq last week was up 0.6%. currently it's indicate $11 1/2 points below fair value. and s&p 500 is some 4.8 below value. so indicated for a negative start this morning. pretty good gains for european stocks. better than u.s. stocks last week. but the ftse global 300 this morning down. two-thirds. xetra dax today
we have a credible plan to reduce our budget deficit. that's delivering very low interest rates for us in the markets at the moment. so that is the proof that there's international confidence in our plan. >> bae and eads merger, bigger shareholder says it opposes the deal saying the defense giant would be better left as a stand alone company. and angela merkel faces a difficult reception in ath thens this week, her fist advirst vis greece since the eurozone cry city started. >>>...
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Oct 9, 2012
10/12
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. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in february to elite a security team with expertise in counterterrorism. from the moment he arrived, he says he saw chaos. >> shooting instances occurred. many instances involving the l
. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's...
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the word austerity anymore they use these euphemisms they say tough decisions they say reducing the deficit they say reducing the government sherif spending it's not fashionable to say the word austerity very uncomfortable with it so it's strategy not hugely coherent which is very important of cameron wants to regain this reputation is had in the past for huge compton's also did he address fears that the vulnerable will suffer most from the cuts and the economic strategy that he's proposing he tried but he's really the only one at this conference who did he delivered a classic conservative message she said smaller government talked about aspiration less about hard work but that's come against a backdrop of an announcement of a ten billion pound cut in the welfare budget which will affect primarily the young and the poor no talk of older people and we know in this country older people whatever their incomes are otherwise they all get a state pension they all get free travel they all get a winter fuel allowance that's not being addressed the twenty something he didn't mention which i have to
the word austerity anymore they use these euphemisms they say tough decisions they say reducing the deficit they say reducing the government sherif spending it's not fashionable to say the word austerity very uncomfortable with it so it's strategy not hugely coherent which is very important of cameron wants to regain this reputation is had in the past for huge compton's also did he address fears that the vulnerable will suffer most from the cuts and the economic strategy that he's proposing he...
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the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge expansion that lasted for decades, a building of the middle class that's the envy of the world or used to be. peter, peter morici, can this feat of rebuilding the middle class and reducing the deficit, can that happen again? >> absolutely, but we have to remember that roosevelt inherited a very small government, so expanding it wasn't the rock on the back of the private sector. a more comparable situation was reag reagan's dilemma, inherited an economy with double digit inflation and interest rates and unemployment that peaked at 10.8%, not 10 as mr. obama's did, but hy he took his stimulus in
the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge...
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ryan had voted two of put the iraq and afghanistan wars on the credit card helping to cause the deficit is actually right and he was right about that he didn't bother to say the democrats will report right and of course he's one of the ones who says that the only way to peace is wide total world domination by total military power. at the same time we're going to want to say that iran was the world's leading supporter of but terrorism proves it will impact america and saudi arabia one more terrorist organizations in the region than anybody else it's time for them to quit whining start you know that's what the american voters with the world and has a base of our own cross-talk piece of his gas discounts just how different they counted it's bad genders really are the full shows coming your way at nine fifty g.m.t. but here's a preview. if romney wins if the republicans win the white house they will also probably keep the majority in the house and wins a majority in the senate and if the republicans control all the important political positions the white house the senate and see house then
ryan had voted two of put the iraq and afghanistan wars on the credit card helping to cause the deficit is actually right and he was right about that he didn't bother to say the democrats will report right and of course he's one of the ones who says that the only way to peace is wide total world domination by total military power. at the same time we're going to want to say that iran was the world's leading supporter of but terrorism proves it will impact america and saudi arabia one more...
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Oct 9, 2012
10/12
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FOXNEWS
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going after what has been the biggest driver of our debt and deficit over the last decade. public television. pbs. >> these are tough times with big issues so scrooch your head talking about big bird. >> bret: my tw two-and-a-half-year-old is excited about. this i don't know how many people are that big bird is in the news. he is. all over the news. the big news today perhaps the polls, gasolineup will poll today is now likely voters. they transitioned from registered voters to likely voters. that is a difference. we talk about it before. romney two-point lead. margin of error is tied. first time in a year, real clear politic average, he has the lead in the average of recent polls. what about this? the panel, jonah goldberg, from national review online. kirsten powers for daily beast. syndicated columnist charles krauthammer. charles, today's developments and well, big bird. >> democrats are actually running an ad showing big bird and contracting it with the bad guys on wall street. >> let's just play it. might as well. >> i'm just a prop here. >> bret: right. you're teeing
going after what has been the biggest driver of our debt and deficit over the last decade. public television. pbs. >> these are tough times with big issues so scrooch your head talking about big bird. >> bret: my tw two-and-a-half-year-old is excited about. this i don't know how many people are that big bird is in the news. he is. all over the news. the big news today perhaps the polls, gasolineup will poll today is now likely voters. they transitioned from registered voters to...
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Oct 8, 2012
10/12
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CNBC
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before we get to the deficit and all of the debates last week. were you depressed, unhappy, miserable? give us an adjective. >> well one, i'm not depressed. i see joe smiling. he's not going to yell at me today. >> there's a number of polls, an enthusiasm gap. >> i wouldn't say that. governor romney had a very good debate, no question, he put on a great show, but to me i think we should be focusing, this is a business show on friday's unemployment number, which was a great number, and not a surprise, based on what the economy's been doing over the last three years. >> 114,000 is not a great number. >> 140,000 on average over the last six months. >> what came out on friday was below expectations for 114,000. >> you know what revisions has done each month so we should look to see where the revisions are. i think if you look over this year, you're averaging about 140,000, i think we should -- >> 140,000 is anemic and not enough to bring down the rate even though it has somehow. >> i would look at it differently. i think over the last three years the
before we get to the deficit and all of the debates last week. were you depressed, unhappy, miserable? give us an adjective. >> well one, i'm not depressed. i see joe smiling. he's not going to yell at me today. >> there's a number of polls, an enthusiasm gap. >> i wouldn't say that. governor romney had a very good debate, no question, he put on a great show, but to me i think we should be focusing, this is a business show on friday's unemployment number, which was a great...
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Oct 7, 2012
10/12
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...